77
77
Nov 29, 2012
11/12
by
FBC
tv
eye 77
favorite 0
quote 0
it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look, republicans need to compromise. they need to keep tax cuts in place forpeople earning $250,000 and less. heays it's time to make a change and now people on the hill saying that the g.o.p. is splintering. what do you say? >> that's not true. actually, what tom was trying to say was it's a tax call thing. tom is against raising taxes on any level. he's against raising taxes on all folks, but have agreement with the president onhis group that's $250,000 and less, clear the table and make the bracket.ions in the upper he's against raising r
it never has been a tax issue. we have the same amount of revenue coming in in 2012 tat we had in 2007, but we spend a trillion dollars more per year now th we did five years ago. thiss a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has recovered, and it's doing much better. >> right. gerri: turning your tarns to a conversation going on for days lately. the most recent adherent oklahoma congressman tom cole saying, look,...
162
162
Nov 29, 2012
11/12
by
CURRENT
tv
eye 162
favorite 0
quote 0
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
149
149
Dec 4, 2012
12/12
by
CSPAN
tv
eye 149
favorite 0
quote 0
taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white house understands there is unity at the republican leadership table. host: here is a copy of the letter sent to the white house with the signatures of the leadership team including paul ryan. a lot of our callers have talked about the lack of details in this proposal then back which loopholes or deductions do you get rid of? guest: there is an interesting debate and discussion on that. that is for the negotiators. the easiest way to do it would be to cap the dollar amount and let the individual pick and c
taxes? guest: i don't think so. i think keeping tax rate with a r is the real question. you can increase revenue without increasing tax rates. honestly, just a more efficient system redistributing investments toward things that generate economic growth. that is something that paul ryan has been a leading advocate of. yeah, i think this is a really smart and good proposal by the speaker, and i was very pleased to see every republican sign off on it. it was not just his name. i hope the white...
210
210
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 210
favorite 0
quote 0
tom cole of oklahoma urged fellow members to accept a plan for taxes. senate democrats are optimistic that more members of the republican party will be willing to step away from their pledge with grover nornorquist. >> republicans are deciding they no longer want to be married to this pledge. republicans are saying they want a divorce from grover norquist. that alone is a leading indicator that the fiscal deal is within reach. both sides are still far apart. the discussions over the next few weeks will be difficult. but with each new republican disavowingi grover norquist, th chance of a deal rises sharply. >> apparently wall street is not as optimistic. stocks dipped immediately. the dow dipped 9 poi89 points. >>> house republicans have announced their recommendations on who will claire the committees. and they love white old men. there is not a single woman among the 19 members that speaker skrjohn boehner recommed yesterday. not one woman. although chairs for the ethics and house administration committees have yet to be decided. that would make sense
tom cole of oklahoma urged fellow members to accept a plan for taxes. senate democrats are optimistic that more members of the republican party will be willing to step away from their pledge with grover nornorquist. >> republicans are deciding they no longer want to be married to this pledge. republicans are saying they want a divorce from grover norquist. that alone is a leading indicator that the fiscal deal is within reach. both sides are still far apart. the discussions over the next...
186
186
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 186
favorite 0
quote 1
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> if you're a family in debt, you don't keep spending. >> it shouldn
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom...
121
121
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 121
favorite 0
quote 0
one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars, and stopping those automatic cuts. we're off the cliff. and then we get together with goodwill, right in january with the new senate and the new house, and we hammer out the long-range solutions to all this. >> i want to you listen to something that your colleague, pattie murray, from washington state said on alex wagner's show about this fiscal cliff and her attitude toward it. i want to you react to it. >> sure. >> it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea
one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars,...
168
168
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 168
favorite 0
quote 0
during the clinton administration, tax -- top tax rate was 39.6% and the economy took off. let's do that again. >> as we hear earlier mitt romney will be at the white house tomorrow. he obviously doesn't need to worry about my2k because his is worth more than $100 million. what's the understanding of this meeting? we understand paul ryan will be there as well. >> i think the president wants to strike a bipartisan note. romney no longer has to mullify the right wing of his paerd. he doesn't have strong feelings about much of anything at all. is it possible he could come out and bless what these business executives have been calling for, which is the president's balanced approach? anything's possible with mitt romney. and i think it very much makes sense for the president to extend an olive branch. you can say that -- >> but i thought mitt romney was -- hang on a second. i thought mitt romney was the one who proposed and espoused the notion of closing loopholes as the only way -- >> we know he's a flip-flopper. we don't have to -- >> that's true. >> he actually does -- it's e
during the clinton administration, tax -- top tax rate was 39.6% and the economy took off. let's do that again. >> as we hear earlier mitt romney will be at the white house tomorrow. he obviously doesn't need to worry about my2k because his is worth more than $100 million. what's the understanding of this meeting? we understand paul ryan will be there as well. >> i think the president wants to strike a bipartisan note. romney no longer has to mullify the right wing of his paerd. he...
111
111
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 111
favorite 0
quote 0
we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the president from his event yesterday. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. >> so he's got his outreach to middle class americans. we saw him meeting with business leaders. his event is planned for tomorrow. we campaign-like and he is still using the campaign actually, more than a million people responded to that survey that obama for america put out and said they're interested in volunteering. so is par
we don't want to put both tax increases and entitlement cuts on the table. it's up to republicans and we'll come back with a counter. you can't force us to put an opening bid on entitlement cuts when we don't want any to begin with. and that's the movement. so i think even in public there's starting to be a little bit of moving and i think there is the ability for folks to get there. >> we do know pretty clearly i think that the white house thinks they have the upper hand. here is the...
98
98
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 98
favorite 0
quote 0
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
179
179
Dec 3, 2012
12/12
by
MSNBCW
tv
eye 179
favorite 0
quote 0
the president has been very specific on tax revenues and what he wants. but the republicans are trying to put him in a position of doing their job for them. saying well, you tell us what you'll take and then maybe we'll come up with a plan. and clearly obama's not going to play that game. that's what geithner was signaling in the talk shows, that we're waiting for your proposal on entitlements, tell us what it is. >> look, therein lies the rub. that's the rub on this. because you led in with the president's speech in 2011. very good words, serious, somber. >> words that did not play well for the republicans. >> got that. but this is where the republicans are. okay. show me you're serious. lay out where you're beginning to want to make those cuts on entitlements. because we don't want to get out in front of this and be whipped upside the head for wanting to cut all these programs to, you know, kids afterschool and rec centers. >> the white house needs to present what they're -- >> the reality, yeah. that's it. on entitlements, the republicans view is we've
the president has been very specific on tax revenues and what he wants. but the republicans are trying to put him in a position of doing their job for them. saying well, you tell us what you'll take and then maybe we'll come up with a plan. and clearly obama's not going to play that game. that's what geithner was signaling in the talk shows, that we're waiting for your proposal on entitlements, tell us what it is. >> look, therein lies the rub. that's the rub on this. because you led in...
103
103
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 103
favorite 0
quote 0
the vote in front of them is going to be to cut taxes. taxes will rise anyway. the bush tax cuts will expire. then they'll bring in legislation saying let's cut taxes for the middle class and every republican out there including john boehner will say i voted for a tax cut, not a tax hike. >> well, here's tom cole speaking with chuck todd about cole's advice to pass the tax extensions for 98% of americans. here it is. rather comical. >> that advice was given in private, but you guys have a way of figuring out what? said in private. somebody leaked it out. that's fine. >> you didn't intend for this to go public? >> no. >> you did not -- this is something you were -- okay. >> but, again, it is what i said. it's not an inaccurate report. >> i mean, did republican leaders want cole's advice to be leaked? >> of course they did. i mean, and if they didn't want it to be leaked, they wanted it to be repeated. so john boehner has wiggle room. he can look like he's the tough guy to the tea party folks who have to vote him back in as speaker. tom cole is really laying out t
the vote in front of them is going to be to cut taxes. taxes will rise anyway. the bush tax cuts will expire. then they'll bring in legislation saying let's cut taxes for the middle class and every republican out there including john boehner will say i voted for a tax cut, not a tax hike. >> well, here's tom cole speaking with chuck todd about cole's advice to pass the tax extensions for 98% of americans. here it is. rather comical. >> that advice was given in private, but you guys...
141
141
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 141
favorite 0
quote 0
, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of members of congress as well. so i don't know that they're feeling the same kind of sense of panic that a lot of us outside are feeling. >> i just got handed this, and let me ask you for your instant analysis on this, dana. it comes from the office of the white house press secretary. it says on thursday governor romney will have a private lunch at the white house with president obama in the private dining room, the first opportunity they've had to visit since the election. there will be no press coverage of this meeting. was this signalled? did we expect this? >>
, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of...
112
112
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 112
favorite 0
quote 0
here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the president of americans for tax reform, grover norquist. the two most terrifying words a republican can hear, other than buenos dias. >> seems like republicans are having an easier time writing off norquist than appealing to latinos. >>> which former gop candidate got a nod on the cbs show "ncis:los angeles" last night? one of the detectives on last night's episode gave us a throwback to a certain candidate's tax plan. >> huh? look at all those center hits. nine, nine, nine. should change my name to herman cain. >> yeah? i think it's more like peewee herman. read them and weep. >> you know what? these targets are cultu cultura biased. >> against what, surfers? >> 9-9-9 is how we remember herman cain. >>> are
here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the president of americans for tax reform, grover norquist. the two most terrifying words a republican can hear,...
153
153
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 153
favorite 0
quote 0
they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's absurd. >> they won't say it to his face obviously. >> they'll tell it to other people. they ought to. >> when you're in the beltway, in the bubble, you realize things aren't quite as simple as all of that and things have to go through. there is this tremor, i think, going through state and local governments as well as the business community, what if they don't get it together? i think that's what they're going to convey. >> and you wonder why isn't the president playing the adult and saying let's get in a room now? why the posturing. when we come back, there was a lot of republican branding going on yesterday, happened somewhat accidentally, somewhat on purpose. trivia we ask, na
they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's absurd. >> they won't say it to his face obviously. >> they'll tell it to other people. they ought to. >> when you're in the beltway, in the...
209
209
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 209
favorite 0
quote 0
so if all of the tax ruts from the bush era went away, they'd be voting on a middle class tax for everybody, $250,000 and less. that's something that boehner could get substantial votes for. even as crazy and inlogical as it sounds, it's crazy if a guy from oklahoma, not even in a swing state, if he's saying it's over, it's over. boehner just can't admit it. >> now, there is also a talk about fill bu abo about filibustering but hair said something. let me read the comment from dan five officer. the president has said that hasn't changed in the president's supports majority leader reid's efforts to reform the filibuster process. it's pretty heavy. >> it is. it depends on who is in control of senate and the congress as far as how far a debate goes. i think it's interesting that there have been interesting research projects done, especially when they say it's the worst that it's ever been. when it comes to delaying tactics in the senate, it is the worst it's ever been. the fill bust sister filibuster is used more often that ever. it would be nice if something was done about that, if congress w
so if all of the tax ruts from the bush era went away, they'd be voting on a middle class tax for everybody, $250,000 and less. that's something that boehner could get substantial votes for. even as crazy and inlogical as it sounds, it's crazy if a guy from oklahoma, not even in a swing state, if he's saying it's over, it's over. boehner just can't admit it. >> now, there is also a talk about fill bu abo about filibustering but hair said something. let me read the comment from dan five...
121
121
Nov 29, 2012
11/12
by
CNNW
tv
eye 121
favorite 0
quote 0
i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we were to lower rates, for example, you could lower the top rate from 35 to 33 and actually get more revenue and get rid of some more deductions at the same time. but i'm not going to vote to bring more revenue to washington. i want less money coming to washington, less money spent up here. and that is how you get the economy to grow. we're not going to have more economic growth. if we send more money to washington, we'll have less economic growth. >> if all the republicans hold firm to that position, you just spelled out in significant detail, there is not going to be a deal, you know, between now and december 3
i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we...
132
132
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 132
favorite 0
quote 0
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense to crazy tea party, he was outraged by his suggestion. >> you're not going to grow the economy if you raise tax rates on the top two rates. we're willing to put revenue on the table as long as we're not raising rates. >> but that didn't stop congressman cole from going on hardball today continuing to sell the idea of making peace with the president for the sake of 98% of american taxpayers. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people and make them permanent, i think that is a point we should agree op. >> tom cole also made it clear he is still a boehn
it's not like folks who make more than 250 aren't getting a tax break, they've getting a tax break on the first 250, just like everybody else. >> congressman cole first said this in a closed door meeting with republicans yesterday. he said basically exactly what president obama just said and he then expanded on his comments instead of denying them or refusing to comment at all, which he could have done. house speaker john boehner, who needs other loyal republicans to start talking sense...
147
147
Dec 4, 2012
12/12
by
MSNBCW
tv
eye 147
favorite 0
quote 0
no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern republican party. the right wing went crazy. and george bush lost re-election. since then the party's been committed to never compromising on the tax issue, no matter the deficit. no congressional republican has voted for an increase in taxes since 1990. think about it. for nearly a quarter of a century, no new income taxes. in the current congress, 236 house republicans vowed never to raise taxes. 40 gop senators also kept that pledge. even president george w. bush, the man who got us into two wars we didn't pay for. the president who exploded our deficit. he insisted th
no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ended last night. president bush put his signature on the deficit reduction package, including $140 billion in tax increases. >> tax increases. that was a turning point for the modern...
69
69
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 69
favorite 0
quote 0
is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree with me that regulation derives -- you are pregnant or not pregnant. you either have state regulation or you don't. there is no alternative third way. >> i would agree with my hon. friend. is it a free press? absolutely vital for free democracy? we should recognize all the press has done and should continue to do to uncover wrongdoing, stand up to the powerful. whatever changes we make we want a robust and free press in our country. >> research by the charity save the children, reveals shockingly that in our country when seven children does not have a warm coat this win
is the prime minister guilty of tax of points for tax evasion? >> $900 million into specific majors of tax avoidance. all these schemes grew up under years of labour government. they never did a general tax avoidance. they presided over a system where people in the city were paying less taxes than their cleaners and the government has sorted out. >> not to be remembered as the prime minister introduced regulation of the press, an essential part of a free democracy. would you agree...
126
126
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 126
favorite 0
quote 0
as a tactical matter, they feel they don't want to give in on the tax -- the tax cuts only for income below $250 thousand dollars feeling they've lost the leverage to push far deal on entitlements. there are only ten legislative days to work something out here. they seem dug in and unwilling to do what everybody knows they have to do and that's reach a comprehensive deal. >> i'm not totally sold on the idea that the republicans aren't being totally unreasonable. i think i see some signs of reasonableness and i think what they're trying to do is find a way to convince the base, look, we tried. we got pushed in to a corner. we had to raise rates on the highest earners, trying to find a path to, yes, first read talked about this. translation house republicans don't have the upper hand in the negotiations. they will have to grapple with raising rates at least in the short term and cole is giving them a way out of the box short term which is the do on the de-couple on the upper rates and live to fight another day and raising rates and not crushed by the base and kicked out of the d.c. do y
as a tactical matter, they feel they don't want to give in on the tax -- the tax cuts only for income below $250 thousand dollars feeling they've lost the leverage to push far deal on entitlements. there are only ten legislative days to work something out here. they seem dug in and unwilling to do what everybody knows they have to do and that's reach a comprehensive deal. >> i'm not totally sold on the idea that the republicans aren't being totally unreasonable. i think i see some signs...
159
159
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 159
favorite 0
quote 0
his tax cuts were far bigger than his tax increases. and the so-called amnesty in the time of the cold war. a lot of people were fleeing communism in nicaragua and in cuba and even then extremely strict regulations for gaining american citizenship. >> i guess the question i have, and you talk about conservatism, the basis of it, part of it is to be inflexible. >> and that's fine. but i think you wrote at one time, one of the marks of conservatism, these principles, and you have to be inflexible about it. when does pragmatism come in. i'm at 70%? >> i suppose at a time of national crisis and a time of war, doing world war ii we have to set aside certain things. we are not in that situation. these are relatively small problems. the problem with the republican party, as i said before, it's not making the case of its principles which is about less government and more freedom. you see nothing coming from the republican -- >> romney's entire message in the last three months of the campaign. now we could argue that he didn't do a good job the
his tax cuts were far bigger than his tax increases. and the so-called amnesty in the time of the cold war. a lot of people were fleeing communism in nicaragua and in cuba and even then extremely strict regulations for gaining american citizenship. >> i guess the question i have, and you talk about conservatism, the basis of it, part of it is to be inflexible. >> and that's fine. but i think you wrote at one time, one of the marks of conservatism, these principles, and you have to...
194
194
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 194
favorite 0
quote 0
nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a different position than he has now. play that sound for everybody so they can remember. sorry. it's a full screen. i will read the quotation. what we said was give us $1.2 trillion in additional revenues which could be accomplished without hiking tax rates but simply accomplished by eliminating loopholes, some deductions and engaging in a tax reform process to lower rates generally while broadening the base. that is different from where the president is at now. is there currency to the republican argument that the president has moved the g
nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a...
119
119
Nov 29, 2012
11/12
by
CSPAN
tv
eye 119
favorite 0
quote 0
they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of your life. >> a career decision. >> if someone tells you they are pro-life or pro-choice, is this 18 months or a year? how long are you pro-choice? you are telling someone who you are. i'm the kind of guy who is pro- choice or pro-life. two people have brought that up. latourette who decided to leave congress he said yeah i made that promise a long time ago and i went into district and talked about banks and mortgage. mortgage, that was 20 years ago. you are still sending me letters. people make a commitment. it's an easy simple commitment an
they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of...
145
145
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 145
favorite 0
quote 1
agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of consumers, it's going to hurt the economy so right away you have a low tax good economic rational behind it but there are politics here, too, of course, and that is the republican party just got she lacked in an election and learning that the only way to expand their popularity, expand their base is if they stop being perceived as the party of wealthy white people and start being perceived as more appeal and i think that congressman's statement goes to the fact that we need to separate the tax rates for the top 2% as an issue from the tax rates of everybody else. that's so-cal
agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of...
119
119
Dec 6, 2012
12/12
by
CSPAN
tv
eye 119
favorite 0
quote 0
host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the rate is 25% when you retire. that is higher than the current cap gains tax rate. it does not apply to 401(k)'s or any other income tax deferred instrument. when you take them out, you pay taxes on them. guest: that is correct. you pay income tax and presumably when you retire, you are at a lower tax rate and that is the
host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller:...
111
111
Nov 28, 2012
11/12
by
CSPAN
tv
eye 111
favorite 0
quote 0
tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on "morning joe"," the twitter machine. we would love to bring out grover norquist, president of americans for tax reform. good morning, grover. [applause] >> you don't have your bag. he is attached to his bag. >> they told me it was too streamlined up here for the bag. >> thank you very much for coming out. can republicans raise taxes and not break your pledge? >> difficult. >> it's not know
tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into...
145
145
Dec 4, 2012
12/12
by
CSPAN
tv
eye 145
favorite 0
quote 1
it seems each tax figured on the gross pay after the first one becomes a tax on a tax. guest: you are right that social security taxes are applied based on the total amount of income in terms of your wage income or paycheck. i did not totally understand the second part of the question, but i would say it serves a security payroll taxes are important. they are regressive. they are a flat tax on wages. the other problem with social security taxes is other areas are not subject to social security taxes. income from investments are not subject to that. it used to be 90% of one's income was taxed by social security or hit by the payroll tax. now we're looking at 85%. it will go down to 80%. that is problematic for some security. we looked at how you can make sure more income is hit by social security. it makes things more progressive because it tends to hit people at the higher end rather than the lower end. host: does simpson-bowles eliminate drug pricing? guest: it does not specifically. there have been some changes so that the doughnut hole idea is supposed to go away, bu
it seems each tax figured on the gross pay after the first one becomes a tax on a tax. guest: you are right that social security taxes are applied based on the total amount of income in terms of your wage income or paycheck. i did not totally understand the second part of the question, but i would say it serves a security payroll taxes are important. they are regressive. they are a flat tax on wages. the other problem with social security taxes is other areas are not subject to social security...
130
130
Dec 5, 2012
12/12
by
MSNBCW
tv
eye 130
favorite 0
quote 0
we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment reform. but if we solve the tax problem for 98 ps% of the american people, continue to fight for the other 2%, to not raise rates, that seems to me we move closer it toward that spending and entitlement debate and i think that's something that the president and the democrats in general are trying to avoid. >> senator, tom coburn was on "morning joe" alongside you today and he has -- he's willing to make a deal that does involve the higher rates for the wealthy. why not go there? the president has made it clear it just is not enough money
we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment...
202
202
Dec 2, 2012
12/12
by
MSNBCW
tv
eye 202
favorite 0
quote 0
tax rates for the top 2%. they've been as high as 90% in the great depression, so you really have to have perspective here. it's hard to see the republicans making this their sticking point. making this thing that that is the hill that they will die on, is not raising taxes on the top 2%. i think that karen is right, that the white house has everything to gain by keeping the president above this. and on the payroll tax thing, that worked. that employ worked and i think that they're planning on having this work out again. the president is the one making the case to people that his staff is dealing with boehnerth and i think that's the right psychological play and it's the right political negotiating play. >> anna marie cox and karen tumblety. stand by, we're going to talk about grover norquist. by the way, karen, happy belated birthday. >> thank you. >> i hear you celebrated, i heard there was a wild party in d.c. last night. thanks for the invite. >> quick note here, don't know what you're doing with your sund
tax rates for the top 2%. they've been as high as 90% in the great depression, so you really have to have perspective here. it's hard to see the republicans making this their sticking point. making this thing that that is the hill that they will die on, is not raising taxes on the top 2%. i think that karen is right, that the white house has everything to gain by keeping the president above this. and on the payroll tax thing, that worked. that employ worked and i think that they're planning on...
127
127
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 127
favorite 0
quote 0
he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> the president had a busy fiscal cliff day, also met privately with the ceo ofs of home depot, coca-cola and yahoo!. not to be out done on this pr front, house republicans made it public, hosting a group of nervous business leaders. they've signed on to a campaign called fix the debt. they want big spending cuts to supplement the coming tax hikes. >> i'm hopeful but i wouldn't put me anywhere near
he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that's why geithner is the front man here. that sometimes matter more than anything else. on wednesday, the president brought back a campaign atmosphere. he surrounded himself with what he called average middle class families. it was all about ramping up political pressure on the republicans....
217
217
Dec 3, 2012
12/12
by
MSNBCW
tv
eye 217
favorite 0
quote 0
middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank you for your time. we'll see what happens next. thank you, sir. >>> we could soon learn who the president wants to be the next secretary of state. chuck todd says a decision could come this week, but as we get closer to a decision, the partisan divide over the potential nomination of susan rice, considered the front-runner, seems to be intensifying. >> when it comes to susan rice as far as lindsey graham is concerned i find great fault with what she said on 16th of september. in other areas i find her lacking when it comes to being t
middle class tax cuts to proceed? that's their choice, and i think people like tom cole recognize that it's unsustainable to take the position that nobody gets tax relief because they hold out for folks with 250,000 and over to get this extra tax cut on the portion of their income above 250,000. after all, what the president is saying on that part of your income above 250,000, you're going back to the clinton era tax raites, which is 4 cents on the dollar. >> congressman van hollen, thank...
115
115
Dec 1, 2012
12/12
by
MSNBCW
tv
eye 115
favorite 0
quote 0
everybody here will see their taxes go up on january 1st. i am assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> president obama warning workers what would happen if congress does nothing to avert the impending fiscal cliff. the president was at the factory of kinex toys. let's get some insight on that visit from someone who was there. michael is the president and ceo of kinex. >> good morning. >> president obama said a fam of four's taxes could go up. what impact does that have? >> it's fantastic to have the president our endorser in chief. when you remove that discretionary income and toys are a discretionary purchase as are other things. you are having some potential impact on the entire economy. obviously, toys and other things, as well. >> the president's plan calls for raising the tax rates on americans earning $250,000 or more. most republicans remain dead set against the president's plan. >> that's true. i think, though, we have to take a look at th
everybody here will see their taxes go up on january 1st. i am assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> president obama warning workers what would happen if congress does nothing to avert the impending fiscal cliff. the president was at the factory of kinex toys. let's get some insight on that visit from someone who was there. michael is the president and ceo of kinex. >> good morning....
97
97
Nov 29, 2012
11/12
by
CSPAN
tv
eye 97
favorite 0
quote 0
we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the national defense and protecting our most honorable. we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together or we will succeed together. there is nothing in between. i am confident that we can pass the test and do what is good and right for the american people. >> the president has been talking a lot about taxes lately, and as acpa who practiced for years and a member of ways and means committee, there is no one who likes to talk about tax more than i do. but let's be honest -- talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, aga
we can raise tax revenue by simplifying the tax code, not increasing tax rates. we can address wasteful government spending that jeopardize an hour commitments in the national defense and protecting our most honorable. we can jump-start our economy by assuring americans that congress and the president can work together to get the job done and deal courageously with the pressing problems of today. when it comes to the fiscal cliff, the president and congress will either fail together or we will...
133
133
Dec 5, 2012
12/12
by
CNNW
tv
eye 133
favorite 0
quote 0
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, l
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating...
297
297
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 297
favorite 0
quote 0
this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're just taking you back to the tax rates that you had when bill clinton was president. and i would like to remind everybody, we had the greatest prosperity then when everyone paid their fair share. 23 million new jobs. and why is it? because the middle class had the money to spend out there, to stimulate this economy. it's a consumer-driven economy. about 70% of the economy is consumer driven. and the other thing the president put on the table, i understand, is refinancing proposal. >> right. >> where people trapped in 7%, 8% mortgages can go down to 4% and 5% mortgages ha
this is about tax cuts. the president is saying, renew the payroll tax cut. give tax cuts to every dollar earned up to $250,000. i don't know what they're thinking, thomas. but obviously, they are putting it all on the line for the koch brothers and sheldon adelson who earn billions of dollars. they're selfish. and there's a group called patriotic millionaires who are saying please, please, tax us fairly. and here's the point. the president is saying to the millionaires and billionaires, we're...
181
181
Nov 29, 2012
11/12
by
MSNBCW
tv
eye 181
favorite 0
quote 0
we want increased taxes. if republicans, if you guys want entitlement reforms, you need to name them. republicans are saying, the white house and democrats know what we want when it comes to medicare, when it comes to social security. they need to actually come out and pick them. democrats, on the other hand, are almost kind of like, no, you guys need to name this stuff first before we start talking about it. again, thomas, we really are in the stage right now where this is a lot more about pr. it's about press conferences rather than hard negotiating. which we won't reach until about mid-december. >> mark murray, thank you, sir. i appreciate it. >>> coming up in less than a half an hour from now, the start of the u.n. general assembly session that is expected to result in an overwhelming approval of a resolution recognizing palestine as a state. that resolution is strongly opposed by israel and the u.s. which failed n eed in its effor prevent today's vote. joining me now is israeli vice minister, silvan shal
we want increased taxes. if republicans, if you guys want entitlement reforms, you need to name them. republicans are saying, the white house and democrats know what we want when it comes to medicare, when it comes to social security. they need to actually come out and pick them. democrats, on the other hand, are almost kind of like, no, you guys need to name this stuff first before we start talking about it. again, thomas, we really are in the stage right now where this is a lot more about pr....
96
96
Dec 4, 2012
12/12
by
CSPAN2
tv
eye 96
favorite 0
quote 0
see the deduction for state income taxes being a tax expendture. when i paid tax to the district of columbia, that is the cost, my cost, of earning that income, and it should be deductible i believe in computing me federal tax income little. it's not deductible. >> host: diane in new hampshire, go ahead. >> guest: good morning. >> host: morning. >> caller: fascinated to hear about the tax. it kills me every year. i'm a small business owner, and my income changes year to year. i can make $80,000 one year, and i can make $60,000 the next, and the next 45. i cannot process what the amt will be. looking at the last return here, made $60,000 and had an amt of $1700, a piggy back. talk about this because i don't consider making $80,000 as a single person and paying 13% of the social security out of and all my other cuts to be a lot of money. >> guest: no, i don't disagree with you at all. the amt is not what you would have designed as a tax -- a way to compute your federal income tax. it is the combination of a reform that was end acted after the need fo
see the deduction for state income taxes being a tax expendture. when i paid tax to the district of columbia, that is the cost, my cost, of earning that income, and it should be deductible i believe in computing me federal tax income little. it's not deductible. >> host: diane in new hampshire, go ahead. >> guest: good morning. >> host: morning. >> caller: fascinated to hear about the tax. it kills me every year. i'm a small business owner, and my income changes year to...
74
74
Dec 5, 2012
12/12
by
CSPAN2
tv
eye 74
favorite 0
quote 0
they just switch taxes. the capital gains rate in the amt is higher than the regular tax rate from and comes around $22,500,000. that was the first product spanish and they began to hit an awful lot of people. then in 2001, they reduce regular tax, but did not reduce the rate. for millions of people and i'm one of those, the 2001 tax bill only changed the name of the tax i paid. i got very little benefit in rate reduction because i was sure it over to the minimum tax. in my opinion, the expansion of the minimum tax is nothing to do with the absence of index. it is a result of the conscious decision in 2001 to hide the cost of the bush tax cut by leaving the area she peered >> host: said the alternative minimum tax is 20%. what you are saying this after 2001 if your tax rate was lowered to 25% or something come you still have to pay the amt, which is 20%. >> guest: that's correct. but you're wrong for incomes between $200,000.500000, the amt effective tax rate was $500,000. you hit the rate that incomes are l
they just switch taxes. the capital gains rate in the amt is higher than the regular tax rate from and comes around $22,500,000. that was the first product spanish and they began to hit an awful lot of people. then in 2001, they reduce regular tax, but did not reduce the rate. for millions of people and i'm one of those, the 2001 tax bill only changed the name of the tax i paid. i got very little benefit in rate reduction because i was sure it over to the minimum tax. in my opinion, the...
88
88
Nov 30, 2012
11/12
by
CSPAN
tv
eye 88
favorite 0
quote 0
the clinton tax rates. others can speak to what it was under reagan, but the clinton tax rates that enabled the price sector to create 20 a and jobs and unable the success to thrive in our country, i think it comes down to the question, we say to the speaker of the house, the senate has passed a bill to increase middle-class tax cuts. democrats are ready to support it. why? why are you holding this up? thank you. >> for more information about the fiscal clef, visit our web site c-span.org. >> friday on washington and now,norman ornsteein.. tax credits on family and businesses that would be impacted if congress does not impact the fiscal cliff. >> the program began, one of the and as as to president franklin roosevelt, to document conditions under which people were living. this is when we did talk have television. have of places didn't electricity said they couldn't listen to the radio broadcasts to find out what was happening and a parts of the country. he was the head of this project. 1939 when kodak had a
the clinton tax rates. others can speak to what it was under reagan, but the clinton tax rates that enabled the price sector to create 20 a and jobs and unable the success to thrive in our country, i think it comes down to the question, we say to the speaker of the house, the senate has passed a bill to increase middle-class tax cuts. democrats are ready to support it. why? why are you holding this up? thank you. >> for more information about the fiscal clef, visit our web site...
145
145
Nov 28, 2012
11/12
by
MSNBCW
tv
eye 145
favorite 0
quote 0
keeping the bush tax cults for 98% of americans, give up on keeping tax cuts low for the wealthy, 2%. take a listen to what cole on capitol hill had to say moments ago. >> in my view, we all agree that we're not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now and continue to fight against any rate increase, continue to try to work honestly for a much bigger deal. >> has the tipping point been reached, sir? is the compromise in front of us right now because so many republicans are willing to talk act revenue? >> well, look. tom cole, who is a friend of mine, was the former chairman of the republican congressional campaign committee. i am the current chairman of the democratic congressional campaign committee. anytime you can get the former republican congressional campaign committee chair and the current democratic congressional committee democratic chair to agree on something, do it, pass it. tom cole is right. this is why people are frustrated with washington. everybody on capitol hill agrees on this fact at least, that
keeping the bush tax cults for 98% of americans, give up on keeping tax cuts low for the wealthy, 2%. take a listen to what cole on capitol hill had to say moments ago. >> in my view, we all agree that we're not going to raise taxes on people who make less than $250,000. we should take them out of this discussion right now and continue to fight against any rate increase, continue to try to work honestly for a much bigger deal. >> has the tipping point been reached, sir? is the...